Renton, WA Land Property For Sale

Near 17-acre parcel, in final stages of approval for footprint to build 22 unit multifamily development. Suitable for condos, apartments, or adult-care facility. Wet land and traffic studies available for review.

2 Parcels. 334450-0435. Residential Multifamily lots. Outstanding Lake Washington views. Prelim approval with the City of Renton for Apartments/condos or Townhomes. Ideal for Adult Homes. Geotech/critical areas study completed. phenomenal Lower Kennydale location. Gene Coulon Park - walking/biking trails, swimming & Renton Landing are all steps away. Maximize your Return On Investment—plan for 2 residential homes, multi-family, townhouses, apartments, or condo units on both lots.

We're pleased to present a new development opportunity in the sought-after area of Renton City. Located at 651 Rainier Ave N; the land is zoned R-1. The R-1 zone provides for a wide variety of mixed residential/commercial uses including detached dwellings, adult family home, medical institution, religious institution, eating & drinking establishment, parks, adult care facility, small-scale scientific research facility in a densely populated area.

Wow! Don't miss this incredible opportunity to turn this buildings and lot into a money making machine! You can renovate this unit into 8 units apartment or turn this into assisted living, Adult day care, Adult family home, possible 8 townhomes. ZonedR-14, All utilities on property/in the street. This property features: Corner lot, 2 huge structures on the property, 3 bedrooms,1bath(possible 2 bath) upstairs, Bottom floor can be remodeled into 3 separates units (First building can easily be turned into 4 units with possible income of $8,400). The second building can be rented out as a storage or renovated into 3 units with a possible income of $6,000.Use your creativities to renovate & start making monthly passive income. Verify all info.

Size: 1.43 Acres (62,291 SF)

Zoning: Commercial Arterial (CA)

Prominent visibility

Proximity to numerous walkable amenities

Parcel abuts to new Renton Home Depot with existing paved parking lot

Purchase Price: Call Listing Broker